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a crucial role in our economy and vital role in our communities. mr. president, that was proven last night at 5:00 when the congressional budget office, this nonpartisan arm that we look to for direction with what things cost and don't cost here on capitol hill with our legislation, they issued a statement yesterday that this bill certainly, that's on the floor today, this bill certainly is good for the economy. as i will say a couple times during my brief remarks here, it's going over the next two decades, what's left in this one and the next decade, reduce the deficit in america by almost $1 trillion. of course as we've said here previously, previous to getting the report from c.b.o., this legislation is good for the economy and good for security. that's a good package. well, mr. president, these 11 million people need a pathway to get right with the law. a commonsense bipartisan reform proposal before the senate will help them do just that. it will reduce illegal immigration by strengthening our borders. it will fix our broken immigration system and crack down on unskraoup less employer
university, about the state of the u.s. economy. later in the program we will be joined by a matthew segal. he will be here to talk about issues important to young americans. you are watching "washington journal." we will be right back. ♪ >> when you talk about transparency to the american public, there is -- you are going to give up something. you are going to be giving signals to our adversaries as to what our capabilities are. the more specific you get about the program, the more specific about the oversight, the more specific you get about the capabilities and successes, to that extent you have people sitting around saying, "ok, now i understand what it can be done with our numbers in yemen and in the united states and consequently i am going to find another way to communicate." there is a price to be paid for that transparency. where that line is drawn, in terms of identifying what our capabilities are, is out of our hands. if you tell us to do it one way we will do it that way. there is a price to be paid for transparency. >> robert muller makes his last scheduled appearance before
much that is costing the european economy, european jobs, and the european government? guest: at the moment, we are asking our citizens to do a lot of sacrifice in order to adjust to the impact of the financial crisis. we cannot allow a number of people to escape, a number of people to evade their tax responsibilities. so, i think this was a powerful message from the g8. very much supported and initiated by the europeans to make sure that our tax system is assumes itsverybody responsibilities in terms of and that when we ask normal citizens to make sacrifices, we should at the same time ensure that any of the people that tries to escape this sanctions -- is sanctions. cooperation among states is an effective one, and this is what they discussed in the g8 and what we are implementing. we are happy to see that we are on the same wavelength with the americans. host: what about switzerland? is which alone one of those locations used as a tax haven? guest: switzerland is not part of the european union, but we have a solid relationship with switzerland. we made a number of agreemen
, professional sports. die-hard the know where to begin, a vast amount of the economy is based on taste and subjective values. there is no reason why there couldn't be a society in which we do get paid for social media, the other people do. what is the point of that? and here is where there is a leap of faith required. capitalism can work. markets can work. markets work when they start helping people coordinate to create more wealth and more positive effect for each other than they would have otherwise and when you have a market that grows as a result more people are better in the trading system that sharing system. that happened again and again and it is the real effect and is entirely appropriate especially for information network. so yes, you would be paying but you will also get paid. the nature of getting paid would be unlike any payment anyone has experienced before. we are used to the idea that you pay for stuff more often than you get paid. you only get paid every two weeks for your salary or whatever royalty check and always buying your coffee and spending in little drips and d
pleasure, thank you. >>> next in the money lead, the head of the fed says the economy is improving but free money is still flowing. so where do we stand now? plus, amnesty, the word that might kill the immigration reform bill. many conservatives coming to washington are fed up. i will ask democratic congressman castro whether he thinks the immigration reform bill has a chance in the house. [ indistinct conversations ] [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria proliferate. ♪ protect your mouth, with fixodent. the adhesive helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. ♪ hooking up the country whelping business run ♪ ♪ trains! they haul everything, safely and on time. ♪ tracks! they connect the factories built along the lines. and that means jobs, lots of people, making lots and lots of things. let's get your business rolling now, everybody sing. ♪ norfolk southern what's your function? ♪ ♪ helping this big country mo
that actually is a good balance and works for everyone in this sector of the economy. this bill first creates a way for current undocumented workers to obtain legal status through the blue card program if they've worked at least a hundred workdays or 575 hours from january 1, 2010 through december 31, 2012. all the blue cardholders will receive biometric identification. employers will be required to provide a record of their employment to the department of agriculture as well. and to be eligible, then, for a green card, the workers must have worked for at least a hundred days per year for eight years prior to enactment or 150 days for five years prior to enactment and they also would have to show that they pay taxes on their income that they earn while in blue card status, that they have not been convicted of any felony or violent misdemeanor as well. next, the bill also establishes an agricultural worker program to assign work visas for immigrant workers who don't wish to live in the united states but want to be able to come to the united states to be able to work legally. workers must regis
, given the fact that we are becoming energies efficient with fracking? our economy is growing, the dow is up today 161 points, can we ignore the world events and continue to go on with the kind of relationships we used to need? >> no. i think it is more important that america become a player. we still have so many other issues. as the world is getting smaller, america must exert their influence in ways that were unforeseen 20 or 30 years ago. we have to be engaged. if we take an internal role of we are not needed as we were, i think that we do it at our peril. lori: a lot of economists are very concerned about this currency war that is underway. you have countries at the g8 representing $7 trillion in global economic wealth. do you think that that topic will come up? how do you realistically have a discussion about a trade deal if you do not talk about what is really going on. >> there is no question about it. if we will have a trade agreement, it has to be free, it has to be fair, and it has to be equitable to all parties. if one party has an upper hand, it is honored as a breach. com
northern ireland for the g8 summit today. the two day meeting is supposed to focus on the global economy but the civil war in syria will be a major topic. >> reporter: president obama and british prime minister david cameron visited in northern ireland at a school where students are learning about the g8 summit. but soon the president and his counterparts will turn their attention to the global economy. >> i'm pleased to announce the launch of negotiations on a new trade agreement. >> reporter: the economy is not the only topic at the g8. the civil war in syria is expected to dominate talks. russia supports dictator al assad and sells him weapons. putin opposes president obama's plan to give military assistance to rebel forces trying to overthrow assad, calling the fighters barbarian. >> and if a meeting wasn't icy enough, the white house is facing questions about allegations the u.s. spied on russian leaders at a previous global summit. >> reporter: britain's guardian newspaper says the intelligence was found in classified documents, former national security agency contractor edward sno
the economy has not recovered from the collapse that wall street caused in housing and other areas. we had recreational vehicles industries gone. we had some high tech that's moved on. we had a lot of construction, home building, lumber, wood products pretty much decimated. the rural areas i have in my rural counties, unemployment over 20%. people are struggling to make ends meet, and we're going to cut their benefits. they want to work. some of them are working, and we even have a higher minimum wage than some states, but it still won't get you through the end of the month for your family. now, this is just outrageous. there are ways to cut this bill. we're going to stop paying finally at last, we are going to stop people not to grow things. we are going to have a new program of crop insurance and some estimates are this program which goes to anybody with an unlimited income, if you're a corporate farm and has $2 million, government will pay 80% for your crop insurance, 80% subsidies. why is that? we could cut this and -- if you earn a quarter of a million dollars a year, go buy your own
. there haven't been a lot of good things, the nsa stuff in particular. the economy is beginning to look a little firmer. and so, usually, that is the fundamental push in the trend line. so, yeah, there is a little surprise there. >> bill: you know, all of the talk about -- of course, benghazi, the irs, the department of justice and then, as you points out, the nsa. it all had its impact the. on nsa, the president said the intelligence community has to explain what this program is all about. they made their first attempt saying this has foiled 50 different terrorist plots. do you think this buries the issue and americans will accept it and go along now? >> there are a couple of different layers to the issue. one is: do -- -- does the public generally accept the notion of vacuuming up all of this data? if it is persuaded that this is what is necessary to stop terrorist actions. my guess is the public would be split but basically lean towards favoring it. and as we have seen over the past couple of weeks in polling on this stuff. the second is: does the
a facebook page now. so, you know, the world has really changed, and our energy economy has similarly changed. if you go back again to that time ten years ago, oil production, of course, continued to fall in the united states, imports increasing dramatically. top business leaders and thinkers from lee raymond to alan greenspan be projected an enormous natural gas shortfall and, in fact, there were lots of investments for lng imports. today we talk about blend w5u8 problems. pv, distributed pv, $10 a watt. today we're talking about incredibly reduced costs. wind power up by a factor of 15 in that time period. so there really has been tremendous change, in fact, even in the four years since president obama took office we've seen this. most especially, of course, we all know how unconventional gas and oil have been a game changer in this, in this country. we often think of the energy industry, the energy system as one of incredible inertia and very hard and resistant to change. and there are some, there is some truth in that, and there are some good reasons. capital intensity, all kinds of issue
constituents have made it clear time and time again that we must make us work together to grow the economy. once again, republicans refuse to listen. instead, we are debating legislation that endangers women's health and disrespects the judgment of american women and their doctors on how to make judgments about women's health. this bill would deny care to women and the most desperate of circumstances. it is yet another republican attempt to endanger women. it is disrespectful to women, unsafe or families, and unconstitutional. at the start of the congress, the republicans take great pride in reading the constitution, but then they proceed to ignore it. one example is this clearly unconstitutional bill. they claim to reduce the role of government, except when it comes to women's most personal decisions about their reproductive health. leading medical experts believe this legislation is dangerous and wrong. that is the message we have seen from doctors and health- care providers who point out that this would put medical professionals in the untenable position when treating women in need -- w
reserve painted a brighter picture of the economy today. the central bank estimated unemployment will fall a little faster than expected this year and next. chairman ben bernanke said that means the fed may start scaling back its stimulus efforts later this year. he promised it will come in measured steps, to reassure investors. >> we are in a more complex type of situation, but we are determined to be as clear as we can, and we hope that you are and your listeners and the markets will all be able to follow what we're saying. >> sreenivasan: bernanke's words did little to reassure wall street today. stocks fell sharply on fears that if the fed curtails its bond-buying program, interest rates will rise and growth will slow. the dow jones industrial average lost 206 points to close at 15,112. the nasdaq fell nearly 39 points to close at 3,443. the internal revenue service is taking new fire-- this time over plans to pay bonuses to employees. republican senator chuck grassley of iowa said it comes to $70 million, despite a white house directive to cancel such payments due to automatic spendin
has resulted in a significant boost for the local economy, especially for the travel industry, the leisure industry, restaurants, for example. shops. i'm proud to have worked on taiwan's entry into the visa waiver program because i know that as a result of this agreement taiwanese americans in southern california have a much easier time staying connected to their families. mr. speaker, as the number of visitors from taiwan has grown exponentially, there is an urgent need to ensure that taiwan has real time access to air safety information. strengthening air safety benefits american citizens as much as it does the taiwanese. every year tens of thousands of americans fly through taiwan's airspace which must be as safe as it can be, and this bill will certainly help. just as taiwan was allowed to join the world health organization as a result of the sars outbreak, so should taiwan be afforded the opportunity to observe the proceedings of the i.k.o. we all share the responsibility to ensure that international air travel be safe. taiwan's unique political status has thus far hinder
ourselves, be able to have that kick start, to come in, into the local economy, and, therefore, make an struinstrumental differ. >> reporter: today is the start of national small business week. treasury secretary jacob lew came by the company. he took a tour of the facility and got a chance to see how critical small businesses are to helping the local economy, especially in our region. >> show other women, show other minorities that you can do well in this business, that there are opportunities, and that if you stick with something and you persevere, that you will be successful. >> the idea of dreaming, of becoming manufacturers, it was a dream that when we would talk about it out loud, everyone around us would just squash it. >> reporter: without the small business loan, this $60 million-plus company never could have flourished without the help of local lenders. >> you have the sba, you have the treasury. you have local community banks who believe in us. >> reporter: there's a lot that encompasses a small business. i was talking to the owners this morning. one thing they were talkin
to back off of this government program that has helped push the economy along and that has sent the markets in a tail spin. he used the word "taper", he's going to taper the program. what does that mean? well, imagine the economy to be like a kid trying to ride a bicycle after a spill, trying to get back on balance. the fed has been helping out to steady and push him along with about $85 billion a month in stimulus. ben bernanke has been looking at numbers saying housing is up almost 7% in may, unemployment 7.6%, not getting better but not getting worse, gdp, 2.6%, all of that he's saying is that all of this that is good enough that the government can start backing off and let the economy stand on its own a little more. i'll be there. if it gets in trouble, i'll step in and save it, it will be okay, there is what we should do. so why are the markets so troubled? partially because they're looking at the same numbers and they are not as confident. their sense is that if you step away from this economy right now and try to let it ride on its own, in fact you could have a lot of wob
: both sides are addressing the economy, to bring growth back. it is not easy. we are facing enormous challenges on both sides. we have different kinds of responses, different kinds of contacts in america. i think the common concern is to make sure the recovery is a sustainable one that we don't go in an up and down in terms of economic performance. i think we have established a few lines that are common. we need financial stability and we need to increase our competitiveness. we are facing enormous challenges in emerging economies. we need to adjust our economy for training and education and we need the skills in the job market. for the moment i think the g-8 has clearly identified that. we need to join efforts at the international level to create a right position. host: what needs to happen? guest: i think we need to consolidate our accounts and put our house in order in terms of the debt and deficit. that is crucial for our credibility of our efforts. at the same time, we need to invest in a new way, we need to create the sources of competitiveness for the future. so our economies
question, will the stock market rebound after disappointing reports about the economy. the dow plummeted about 106 points friday. it starts this morning still above the 15,000 level. the nasdaq was down by almost 22. good news for school employees in maryland, they would receive pay raises under an agreement being voted on this week. the county school board is scheduled to vote wednesday. one measure to give salary step increases cost adjustments to thousands of employees on the table. the cost of living pay raises would take effect july 1. >>> today the u.s. secretary of energy will greet the crew of the solar impulse near dulles airport. the solar power plane landed at dulles yesterday. this is the fourth leg of a cross country flight powered only by the sun. you see it there. the plane is the brain child of two swift pilots. it has 12,000 solar cells built into the wings, they weigh as much as a small car. the plane valves just 43 miles per hour. its journey began may 3rd in northern california, the final leg will be from here to new york. >>> firefighters think they'll get the worst
economy for 160 years. bnsf, the engine that connects us. >> by bp. >> and by at&t. >> and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: it could be a breakthrough moment in the longest conflict in american history. u.s. and afghan peace negotiators are going to sit down with the militants who've been battling american troops since 2001. after 12 years of war, senior u.s. officials now say direct talks with the taliban are scheduled to begin within the next few days. the news came as president obama wound up a meeting with french with the at the g8 summit in northern ireland. the president said that the taliban must come prepared to make concessions. >> including the taliban is going to need to accept an afghan constitution that pronounces against violence is committed to
>> talk about how you're going to turn the economy around. >> adios. >>. ♪ >> oh, sometimes i wish i was on the same stage with those guys. no, i'm not running. but i love to talk about them. here he is, again, he's back at it. slick rick perry. the governor of texas. it is all hat and no cattle. just wrapped up a five-day poaching tour for jobs in the northeastern portion of the united states. now, how many liberals are up in the northeastern portion of the united states believe a texas brain drain here. the texas brain wizard planted his cowboy boots here in new york city and in connecticut across the river hoping to rope in some business leaders to taking jobs to the lone star state. the governor's main message, very simple. no regulation and no state income tax. sounds really good, doesn't it? perry even put together this web video slamming new york and talking up texas. >> if you just took the book of rules and regulation in new york state. 49,000 pages and one reason small business owners tell us that new york is such a hard place to do business. >> a lot of the business owners
getting used to it. the headline from china, credit crunch has eased and the economy is clearly slowing than that will affect us. the headline from washington, food stamps killed the farm bill. too many cuts for the democrats, not enough the republicans. the first day of summer, the longest day of the year and "varney & company" is about to begin. >> look at that. good morning, "varney & company" viewers, today is friday, june 21st, yes, the summer solstice. more than 20,000 pagan losers gathered at stonehenge in southern england welcoming in the new season. and they do it every year. and mostly for drug related offenses, there we go. we showed you. and ben reversed the 30-year long decline in interest rates and markets have been feeling it for two days, look where we'll open, a modest bbunce nor the dow, 50, 60 points after a 560 point loss in two days and now look at gold. a huge selloff there, back up maybe 7 bucks at 1293. most important of all. interest rates, look at the yield on the 10-year treasury bond. we're up to 240 over the past couple of days and that's where we are today
, even though the economy is growing. too many families feel like they're working working harder and still can't get ahead. inequality is still growing in our society. too many young people aren't sure whether they will be able to match the living standards of parents. we have too many kids in poverty in this country still. there are some basic steps we can take to strengthen the position of working people in this country to help our , to make sureter it's more competitive, and some of that requires political will. some of it requires an abiding passion for making sure everyone in this country has a fair shot area but it also requires good economists. i know it is called the dismal science, but i don't find it at dismal. i think it is actually pretty interesting. staffmes the rest of my thinks obamas getting together with his economists and they're going to have a wonk fest for the next hour, but this stuff matters. in termsa difference of whether or not people get a chance at life and how we optimize this opportunity. everyone gets a caring fornd we are the vulnerable and disabl
we've got to get the economy jumpstarted and back on track in a manner that is sustainable for the programs that we all care about. one of of the ways to clearly do that at the -- at the cbo has indicated, and this is a nonpartisan operation, is to pass copperheads if immigration reform that provides an additional piece of evidence as to why this is so significant for us to get done and to get done sooner rather than later. ,ost: congressman jeffreys what is another issue, before we go to calls, that you focus on or that you think the congress should be addressing? i think we have to do with the gun violence problem we have in america. it is, katie, i understand that, but certainly as americans focus on the problem, and the aftermath of the tragedy in newtown, connecticut, the issue that we confront in the district, i represent a very urban district that has several neighborhoods in east new york,: the island, brownsville, that in the last several decades have gunrienced issues in violence. almostevery reagan, -- every weekend, there is an issue that has resulted from an il
in the local economy generated by the store and new jobs it creates. it has a multiplier effect. to know that this works, we need to look at pennsylvania. a similar program that began there in 2004 resulted in 88 projects being built or renovated in underserved urban and rural communities across the state. today, more than 5,000 jobs have been created and i know we all want to create jobs, and 400,000 people now have increased access to healthy foods. 30 million invested by the state has resulted in projects totalling more than $190 million. the pennsylvania program success rate has been better than the grocery industry overall. federal, state and many city governments are enacting legislation and policies to attract healthy food retail. this is tremendous momentum around the country right now to bring grocery stores to places that need them. also a diverse group of nearly 100 stakeholders support this bill, including policy link, the food trust, the national grosser's association and newly rouse agricultural, civil rights support this bill. the senate supports this -- the senate has rec
that it would be good for dairy farmers in the northeast who are such an important part of our economy. but i cannot and i will not support this farm bill as it is currently written. i cannot support a bill that cuts the snap program by $20.5 billion. i cannot support a bill that will force two million americans to lose their benefits. i cannot support a bill that throws over 200,000 american children off the free school breakfast and lunch program. in short, i cannot support a bill that will make hunger in america even worse than it already is. right now as we speak, as we gaggetser here, there are -- as we gather here, there are 50 million hungry americans, 17 million of them are children. many of them work but do not earn enough to make ends meet. all of us, every single one of us in this chamber should be ashamed by those numbers. food is not a luxury. it is a basic necessity. but there isn't a single congressional district in america that is hunger-free. ending hunger in america used to be a bipartisan issue. to my republican friends i say, remember the work of people like bob dole and b
must work together to create jobs, to strengthen the middle class and to grow the economy. our -- yet once again republicans refuse to listen. instead we are debating legislation that endangers women's health and that disrespects the judgment that the american women and their doctors on how to make judgments about women's health. this bill would deny care to women in the most desperate circumstance. sad and desperate circumstances. it is yet another republican attempt to endanger women. it is disrespectful to women. it is unsafe for families and it is unconstitutional. at the start of the congress, the republicans take great pride, and we join them in that pride in reading the constitution, start to finish. it's a great day. it's a great document. but then the republicans proceed to ignore it. one example, this clearly unconstitutional bill. each day republicans claim they want to reduce the role of government except when it comes to women's most personal decisions about their reproductive health. leading groups of medical professionals and experts across the country believe that this
for the stock market and the economy, they're trapped like rats. especially after today's rally. they can't afford to have this market stay higher. they're underinvested. they haven't made the money they should have! so they have to make themselves right with the napalm attack. the bears will be visible to all. their negatively will be up by the media as though it's the truth about what the fed actually said. the bears will hope that the situation will then become self-fulfilling as the tape action determines the narrative and they set the agenda. why wouldn't they? why not try to define the event? after all, who wouldn't believe the fed is causing trouble or the market is in trouble if the futures take everything down instantly. it's death defying, come in and buy. that's why at first, it will look like no stocks will have survived the onslaught tomorrow but 2:30. then a little while after, maybe by 3:15 some stocks will climb out of the b-52, but not all. some may never get out. mostly the real estate investment trust and the high yielding bond equivalents they might be buried alive. ki
are children. they are seniors, disabled. so it is a very serious issue. people are struggling in this economy for their survival. we have high unemployment, wages down. income has not increased. why do we want to take this moment and throw more people into poverty and increase hunger? it does not make sense. in the past, there has been a bipartisan coalition. they came together around the issue of hunger, and addressing that issue. this farm bill woodcut $21 billion in the nutrition program, in the food stamp program. it would throw 2 million people off of the program. one million of whom are children. because there is a link between the program and school lunch, school breakfast,, that means over 200,000 youngsters will be kicked off the program. it is not right. host: here are details about snap, the supplemental assistance program, also known as food stamps. these numbers come from march of this year. that is 23 million households. $75 billion in total last year. in terms of what people get, it ,s $133 on average per person $270 per average per household. we see the number at 47.7 million
at 5:00 and 6:00. >>> right now the leaders of the world's largest economies are attending dinner in ireland. president obama met with vladimir putin with syria at the top of the agenda. the issue is reminiscent of the cold war era with the u.s. and russia on different sides of the table. russia supports bashar al assad. the u.s. supports the other side. >> that summit is playing out amid allegations that the u.s. helped the united kingdom spy on diplomats during a previous summit. according to "the guardian," british hacked the phones and e-mails of britain. documents from edward snowden, the man who says he is behind the nsa leak. >>> if you live in virginia, you helped pay for vitamins for governor bob mcdonald's dog and other personal items, including his sunscreen and body wash. according to "the washington post," the mcdonald's used taxpayer money for stuff that they should have bought on their own. they billed the state for things like shoe repairs and their kids' dry cleaning. "the post" claims that someone even told them that they should be paying for the items themselves
with an economy that we want to see do well. ear not an economy with a nation , a nation creates a binding series of interests, and we call on our citizens to go fight wars and their children go fight wars and put their lives on the line for the nation. and they serve our country. and the country owes them certain protections and a chance to be successful and a chance to be able to make a decent wage with a health care plan, with a retirement plan so they can take care of their families ta, take -- families, take care of their families and send them to college. a nation has those obligations and to simply say millions can come to our country illegally, millions can come legally in levels that jeopardize the working majority, perhaps, of american citizens that pulls down their salaries, allows them not to prosper, is difficult for me to understand how it can be justified. i don't see how we can justify that. i'm not against immigration. we do a million people a year in this country. i think that's about right. we need to shift it some so we are getting people who have a better chance to succeed in
the fact the unions and taxes are the two things that bring down the nation's economy. anyone that loves history can see it over and over again, taxes, high taxes, they drive businesses out of a country to another country and it is hard to get them back. when you unionize to the point where it is ridiculous, sitting around pretending like they are union bosses, sucking up the workers' money, it is never going to work. never, ever. maybe if we look at greece and these other failures, you can see what is behind them. host: what can the president do this week at this economic gathering? that maybe hek can listen more than he speaks? -- caller: i think i can -- i think that maybe he can listen more than he speaks? host: what is your take on who he should be listening to? caller: i am not sure. you have a bunch of people with similar mindsets trying to solve problems they have all proved they cannot solve. florida, thankm you for the call. this twitter message from murray -- host: we want to get your thoughts on america's standing in the world and these issues hanging over the president as he
weakness, and that's a weakness that will remind us that the actual economy doesn't support much higher interest rates like we had overnight, even though, ultimately, i know they will go higher. see, but this is what's been so unreal about this whole run-up in rates that's caused the stock market to get hit -- it hasn't been justified by the data. and i think monday, we will find it still isn't. thank heavens for bernanke, because if he had listened to the endless chattering hawks in the fed, i know we'd get a hideous number. all the numbers would be hideous. it's just always worth reminding, worth reminding everyone that bernanke's done amazing work, even as all i ever hear is that he's over his head or this must end badly. have you looked around at the world's other economies? we're doing better than everyone else on the globe, in part because our chief executive officers have done an excellent job in a global slowdown, but also because of exactly what bernanke's doing. this bond program has probably allowed you and other americans refi their home and companies fix their balance sheet
in the eurozone and the economy. they'll discuss the trade negotiations associated with the potential transalantic trade investment partnership. they'll discuss the situation in afghanistan where germany remains a stalwart ally and continues to contribute to the mission there as well as, again, how nato can provide support beyond 2014. i don't anticipate they'll discuss syria, iran, and the middle east peace as issues we regularly consult closely with the german zone. following the bilateral meeting, a press conference. then a private lunch together at the chancellory. following that, the president will give remarks at the brandenburg gate. it comes on the 50th anniversary of president kennedy's speech at the height of the cold war when west berlin was under considerable siege. given the progress made in germany and the fall of the berlin wall, it's a true symbol of the partnership that we forged together. i expect the president would hit on broad themes in that speech associated with the shared history of the transalantic alliance, how far we've come together in germany and the other allies but t
to show weakness, and that's a weakness that will remind us that the actual economy doesn't support much higher interest rates like we had overnight, even though, ultimately, i know they will go higher. see, but this is what's been so unreal about this whole run-up in rates that's caused the stock market to get hit -- it hasn't been justified by the data. and i think monday, we will find it still isn't. thank heavens for bernanke, because if he had listened to the endless chattering hawks in the fed, i know we'd get a hideous number. all the numbers would be hideous. it's just always worth reminding, worth reminding everyone that bernanke's done amazing work, even as all i ever hear is that he's over his head or this must end badly. have you looked around at the world's other economies? we're doing better than everyone else on the globe, in part because our chief executive officers have done an excellent job in a global slowdown, but also because of exactly what bernanke's doing. this bond program has probably allowed you and other americans refi their home and companies fix their balanc
jewel in the crown of the united kingdom economy. seeing a, we are growth in production as a number of new fields and projects come on stream. all times, safety and security are absolutely paramount. been watching prime minister's questions from the british house of commons. " airs live every wednesday at 7:00 a.m. eastern and again on sunday nights at 9:00 p.m. eastern and pacific on c-span. watch any time on c-span.org, where you can find past rime minister's questions other public affairs programs. on monday, british foreign secretary william hague told members in the house of commons that recent allegations that the government communications headquarters tried to circumvent the law to gather data on british citizens were baseless. he added that data obtained by the uk from the u.s. involving british assistant -- citizens were subject to statutory controls and safeguards. he also took questions from members. i think the matters have been very fully explored. the statements for foreign and commonwealth affairs, secretary william hague. will makermission, i a statement on the work
changes to make there, but the really big news on the economy came yesterday. obviously, with ben bernanke. >> joining me is former treasury official and analyst steve rattner. also, we have new york times reporter jeremy peters. good to have you both onboard. we'll start with ben bernanke. he expressed confidence in the nation's economic growth yesterday saying the fed will start to rein in its stimulus program later this year. bernanke laid out the federal reserves plan, which includes tapering off its multibillion bond-buying program until the unemployment rate drops to 7%. the fed expects that to happy the middle of next year. >> that's great news, right? >> in some way. >> so that's the good news. what bad news could there be from that, steve rattner. >> i think we'll find out. >> the fed will also hold off on raising interest rates keeping them to near zero until unemployment falls to 6.5%. as for wall street's response, this may be where things change. the markets took a dive as soon as bernanke started speaking. by 3:05 the dow fell 140 points closing the day down more than 200, st
bunker, and also coming in, michael jackson. and as the century moved to its conclusion with the economy booming, it was madonna, the material girl, and then bruce springsteen, and in the early 21st century, this century of ours in the aftermath of 9/11, it was all about trying to hold things together, especially our families, and our american icon became a husband, a father, a guy from jersey, a crime boss. his name, tony soprano. james lipton is the host of bravo's "inside the actors studio," and paul farhi is with "the washington post." james gandolfini's portrayal of tony soprano, there was one bedrock of truth of everything he did. he was just a family guy trying to hold everything together. in an early first season episode, he was on a car trip to visit prospective colleges with his daughter, who confronts him about his line of work. let's listen. >> are you in the mafia? >> am i in the what? >> whatever you want to call it. organized crime. >> that's total crap. who told you that? >> dad, i have lived in the house all my life. i have seen police come with warrants. i have seen you
trade and economy. but because some of these countries disagree how to handle the blood shed in syria, that situation is expected to be a top priority. sadly puten is very outspoken -- vladimir puten is very outspoken about president obama's plan. the two are expected to talk privately. a new cnn poll shows that president obama's approval rating has taken a dive. last month, 58% supported president obama. now just 45% of the job he's doing. that's an 18-month low. we'll take a closer look at president obama's schedule for the remainder of the g8 summit when i see you next. kyla campbell, ktvu channel 2 news. >>> david cameron is among those attending the summit. this morning he refused to comment hon a hacking scandal -- on a hackle scandal involving the government. the newspaper there reported that britain's spy agency hacked into e-mails. >>> this morning, the white house is also defending the nsa's secret surveillance program of phone and internet records. white house chief of staff denis mcdonough says the program is constitutional and carefully monitored. he also says the u.s. go
and economy. it also will protect families and farmers. families are already having enough trouble making ends meet. mr. gibbs: this amendment will help bring down prices for our constituents by providing more opportunity to dairy farmers. it will save taxpayers dollars. this amendment saves taxpayers another $15 million on top of the savings in the underlying bill. every penny counts. this amendment will create a better and more market driven policy for our farmers. supply management is not the way to go. i support the amendment. i yield back. the chair: the gentleman yields back the balance of his time. the gentleman from minnesota has two minutes remaining. mr. peterson: i yield myself the balance of the time. the chair: the gentleman is recognized. mr. peterson: hasegawa been said, we have been working on this for four years. clearly the current policy doesn't work because we got all this volatility. if you adopt this goodlatte-scott amendment, you will continue to have that volatility. those people concerned about the price of milk, when we had high prices, the processors raised the price
. that industry is thriving with a rebounding economy. people have more money to travel and to eat out. >> the sun is starting to come out on the california economy. ronald reagan another area of job growth lies in big city construction. if that job growth stays stable in the construction industry, in alameda, jade hernandez, ktvu news. >> >> more details on the unemployment rate in the area -- . >>> berkeley's world famous restaurant preparing to open its doors to the public for the first time since a fire badly damaged that restaurant in march. tonight, it opened for a fund- raiser to benefit the berkeley based edible school program. it's a program that shows local kids how to grow, harvest and prepare seasonal produce. >> this is more than a rebirth. it's kind of a reinvasion that i think will keep us going for many more years. >> the fire was caused by an electrical program underneath a porch. it did more than $200 thousand worth of damage. it has been repaired and it is going to reopen on monday. >> >> facebook said the cause of a bug was purely technical. the problem is with the tool called
talking about policy. we're not saying we don't like the economy. we're not saying it's this one program. we don't trust you. >> reporter: and that becomes a huge problem for a progressive presi"ent who needs to tell people, let me use the government to make you) life better. if you don't trust him, his disapproval rating is up and you think government is too big -- 6 in 10 americans now think government is too big, that he can't manage it effectively. this is like a political version of an underwater mortgage, if you will. his disapproval is above 50. people don't trust the government. you look at this coming out, is he trustworthy? 49% say yes. that's up 58% since just last month. so he's taking a hit. something has americans stoppint and saying, hey, wait a minute. when you're early second term with the midterms just around the corner, don't invest in one poll, but if you're president and you know the clock is ticking, that's trouble. >> it's one thing about the nsa or about a policy, but if it's whether or not he's believable, it makes it difficult to come back, even it's just one po
for the economy. economy. we're going to talk about the te concept of this store and why it works. and wisdom, it happens to be be national eat your veggies day,ie if you'res going to eat some vegetables, why not come and ged some of the best. i will give you a variety toriet choose from. i think it's going to be a tasty morning all in all. all. >> i will make it easy, bring bg them all. all. >> holly morris, is you veryu vy much. mu >>> we want to take a moment too say hello to our facebook fan oe the day. tutor watching lindsay vanness, all right, that's going to do it for the 6, let's send it to allison and normally it would be tony.ny. it's allison and sarah. sarah. >> i'm something back, so hold it down until i get there. >> ladies, first. lad >>> coming up, on fox 5 morningr president barack obama, he arrived in northern ireland andn gaved a major speech on peace, c and is headed to the g-8 summitm the topic what happens in syriaa that the u.s. says will help arp the rebels.rebels >>> closer to home, virginia's government, faces new questionsn about misconduct. miscond reports today tha
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